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A firm has a WACC of 14%, an expected return on equity of 19%, and a debt-to-asset ratio of 60%. If the firm does not
A firm has a WACC of 14%, an expected return on equity of 19%, and a debt-to-asset ratio of 60%. If the firm does not pay tax, what is the interest rate on the debt?
6.50%
9.90%
10.67%
11.14%
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